RY Royal Bank Of Canada Common Stock

NYSE · Banking
$195.13
Price · Jun 5, 2026
52W Range
$126–$196
99% of range
Analyst Rating
BUY
24 analysts
Price Target
$187
P/E (TTM)
—
ROE
—
Net Profit Margin
—

RY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$195.13
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$126 – $196

RY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS —
Free Cash Flow —
Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
RY
Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
RY
Peer Median

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
RY
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
RY
Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
RY
Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
RY
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
Ex-dateAmount
April 23, 2026$1.2000
July 24, 2025$1.1320
April 24, 2025$1.0660
Jan. 27, 2025$1.0320
Oct. 24, 2024$1.0260
July 25, 2024$1.0290
April 24, 2024$1.0100
Jan. 24, 2024$1.0250
Oct. 25, 2023$0.9830
July 25, 2023$1.0250
April 24, 2023$0.9750
Jan. 25, 2023$0.9880
Oct. 25, 2022$0.9340
July 25, 2022$0.9910
April 22, 2022$0.9540
Jan. 25, 2022$0.9500
Oct. 25, 2021$0.8740
July 23, 2021$0.8600
April 21, 2021$0.8570
Jan. 25, 2021$0.8480

RY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 24 analysts
  • Strong Buy 6 25.0%
  • Buy 13 54.2%
  • Hold 5 20.8%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

3 analysts · 2026-06-04
Median target $195.97 +0.4%
Mean target $187.23 -4.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.12%
Period EPS Actual EPS Est Surprise
June 30, 2026 $3.90 $3.90 0.00%
March 31, 2026 $4.08 $3.96 0.12%
Dec. 31, 2025 $3.85 $3.63 0.22%
Sept. 30, 2025 $3.84 $3.42 0.42%
June 30, 2025 $3.12 $3.28 -0.16%

RY AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.70
↑ Bullish

I see RY delivering steady growth as Canada's largest bank capitalizes on a soft economic landing and higher-for-longer rates. Its ROE has risen to 15.37%, proving efficient use of equity to generate profits amid stabilizing loans. EPS TTM hit $14.94, reflecting resilient earnings power that funds reliable dividends. At a P/E of 15.7, the stock trades at a reasonable multiple, leaving room for multiple expansion if trends hold.

↓ Bearish

RY crumbles if aggressive rate cuts spark loan defaults and squeeze net interest margins in a downturn. Debt-to-equity lingers around 2.5, amplifying risks from any credit cycle turn that hits asset quality. P/B at 2.07 feels full when ROE growth stalls, exposing shareholders to book value erosion. Recent price stalls near $132 after a run-up, signaling potential exhaustion if macro headwinds hit.

Claude NEUTRAL 0.68
↑ Bullish

Royal Bank is a fortress balance sheet generating fortress returns in a sector where capital discipline matters. My read is that a 15.4% ROE — that's the profit generated per dollar of shareholder equity — is genuinely strong for a regulated bank, and the 26% net margin tells you pricing power is real even in a competitive Canadian market. The stock has climbed from $117 to $132 in four months, yet the P/E has only ticked from 13.0 to 15.7. That suggests the market is still pricing in caution, not euphoria. If rate volatility stabilizes and loan growth accelerates, this trades higher.

↓ Bearish

The bull case assumes rates stay elevated and loan demand rebounds — but I see structural headwinds. The P/B ratio of 2.07 is not cheap for a bank, especially one levered 2.5 times debt-to-equity, which is normal for the sector but leaves zero room for credit surprises. More important: the market cap has shrunk from $337B to $329B in one quarter while the stock price held flat. That's a warning sign of multiple compression. If Canadian economic growth disappoints or deposit competition intensifies, net margins compress and the stock re-rates lower.

Gemini NEUTRAL 0.75
↑ Bullish

Royal Bank of Canada remains a defensive fortress that consistently turns shareholder capital into meaningful profit. The company generates a 15.37% return on equity. This level of efficiency shows that management is adept at squeezing value out of its capital base even in a tightening interest rate environment. Furthermore, the bank maintains a robust 26.26% net profit margin. This indicates that more than a quarter of every dollar brought in as revenue actually hits the bottom line, providing a significant cushion against potential loan losses or economic volatility in the Canadian housing market.

↓ Bearish

The stock is starting to look expensive relative to its own historical valuation, suggesting the market may have already priced in the best-case scenario. The P/E ratio has climbed to 15.67 times trailing earnings. This multiple is trending upward, meaning investors are paying more today for the same dollar of profit than they were just a few quarters ago. Additionally, the price-to-book ratio sits at 2.07. Paying double the accounting value for a bank stock is a steep premium that leaves very little room for error if growth stalls or credit conditions deteriorate.

Chatgpt NEUTRAL 0.62
↑ Bullish

I think RBC's strongest bullish case is that it combines durable earnings power with a reasonable valuation. P/E TTM is about 15.7x. That implies the market pays a fair multiple for a high-quality bank with steady earnings. Net profit margin runs around 26.3%. That means RBC converts a large share of revenue into profit, supporting steadier earnings power. ROE is about 15.4%. That shows efficient use of equity and returns that can support dividend growth. If these trends hold, the stock could compound on earnings resilience plus favorable multiple support.

↓ Bearish

I think RBC's strongest bearish case is that leverage and cyclicality could bite if growth slows. P/S TTM sits near 3.0x. That signals the market has priced in solid growth; a slowdown could compress the multiple. Debt/Equity around 2.5x. High leverage increases sensitivity to credit costs and economic downturns. P/B annual is about 2.07x. That leaves little cushion if ROE normalizes or regulatory/credit headwinds rise. Bottom line: valuation looks robust enough to cap upside if macro surprises tilt negative.

Round 2 — Responses & Rebuttals

Grok

Claude, your market cap shrink from $337 billion to $329 billion misses the real price action story — shares have rallied 12% from $118 in late April to $132 today. That climb shows investor demand overriding any share dilution, backing my buy case as higher-for-longer rates boost net interest income. P/B at 2.07 still looks fair when ROE efficiency hits 15.4%, signaling room for expansion if loan growth resumes.

Claude

I need to push back on Grok's confidence here. Grok says the P/E of 15.7 leaves room for multiple expansion, but that misses what I flagged in Round 1 — the P/E has jumped from 13.0 to 15.7 in just nine months while the stock climbed only 12%. That's multiple expansion already happening, and it's happening faster than earnings growth. If the market has already re-rated RY from a 13x to a 15.7x multiple on the same earnings power, the easy money is gone. The next move requires actual earnings acceleration, not just multiple support. Grok's 'buy' case leans too heavily on valuation staying elevated.

Gemini

Claude, your point about the market cap shrinking while the stock price held steady is a critical observation that highlights a subtle liquidity or share-count dilution risk. The market cap fell from $337 billion to $329 billion in one quarter. This signals that the total value the market assigns to the bank is contracting even as the share price remains range-bound, which often precedes a deeper correction. I agree that we are seeing multiple compression, and this divergence between price action and total equity value makes me even more cautious about chasing the stock at these levels.

Chatgpt

Claude, your point about P/E expansion implying caution misses why the multiple can still reflect earnings power here. P/E is about 15.7x, up from roughly 13x earlier. That means investors are pricing in steadier profits and resilient returns, which could support a selective upside for RBC if rates stabilize and credit risk remains manageable; the risk is that leverage and cyclicality still blur the cushion, so entry timing matters.

Round 3 — Final Rebuttals

G
Grok

Gemini, your share-count dilution warning from the market cap dip misses the technical breakout that's drawing in buyers. RY surged 12% from $118 in late April to $132 now, smashing $130 resistance on weekly volumes topping 5 million shares. That flow pattern shows institutions positioning long ahead of Bank of Canada rate stability boosting NIM into 2026Q2, overriding any issuance noise.

C
Claude

I want to push back on ChatGPT's framing here. ChatGPT says the P/E of 15.7x reflects 'steadier profits and resilient returns,' but that's backwards — it reflects what the market is *willing to pay*, not what the earnings justify. The real question is whether those earnings are actually accelerating. Look at the data: EPS TTM is $14.94, but I don't see quarter-over-quarter EPS growth in the raw fundamentals you've given us. The P/E expanded from 13.0 to 15.7 while the stock climbed 12%, which means multiple expansion is outpacing earnings growth. That's not a vote of confidence in future earnings — that's the market front-running a story that hasn't proven out yet. Until I see actual EPS acceleration, not just multiple support, I'm staying cautious.

G
Gemini

I am widening the frame to address the macro regime, specifically the impact of the Bank of Canada's recent policy pivot. Grok, your buy thesis assumes higher-for-longer rates, but the market is already pricing in a shift toward a neutral rate environment by 2026. This transition will compress net interest margins, which is the primary engine for RBC’s 26.26% net profit margin. That metric represents the actual slice of revenue RBC keeps after all costs, and it is highly sensitive to yield curve flattening. Relying on rate-driven income is a dangerous bet when the central bank is actively moving to lower borrowing costs.

C
Chatgpt

I think the big remaining swing for RBC in 2026Q2 lies outside the bank's quarterly numbers: macro and regulatory regime. Claude, Grok, Gemini, the rate path set by the Bank of Canada and OSFI's capital/dividend policy are the levers that can re-rate RBC independently of ROE or margins. If the BoC stays higher-for-longer and regulators keep a tight stance on capital and payouts, the stock can drift lower even with steady earnings. A clearer rate path and predictable rules could unlock multiple expansion.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $140.00 6M Target $152.00 Reasoning I expect RY to rally on resilient NIM from rate stability, rewarding its top-tier ROE as Canada's loan market recovers. The key catalyst is the Bank of Canada's September 3, 2025 policy meeting, where a hold or shallow cut confirms higher-for-longer rates, unlocking NIM expansion into Q4. The big risk is Q3 2025 earnings revealing higher credit provisions from housing weakness, crushing margins. ROE at 15.4% means RY generates strong profits per equity dollar versus peers, justifying a P/E re-rating to 17x on $14.94 EPS for my $152 target.
C Claude 3M Target $128.00 6M Target $124.00 Reasoning My thesis is that RY has already priced in the easy multiple expansion, and the next 6 months will test whether earnings actually accelerate or whether the market re-rates lower on macro disappointment. The concrete catalyst that could push toward $135+ is a Q2 2026 earnings beat with quarter-over-quarter EPS growth above 5% — that would validate the P/E re-rating from 13.0 to 15.7. The concrete risk that breaks this is a Bank of Canada rate cut cycle that compresses net margins below 25%, which is the engine of RY's 26.3% margin today. At 15.7x trailing earnings, the market is already paying a full multiple for a bank in a normalizing rate environment, leaving little cushion. I see consolidation to $128 in 3 months, then drift to $124 by 6 months as rate-cut expectations intensify and multiple compression resumes.
G Gemini 3M Target $122.00 6M Target $115.00 Reasoning My thesis is that RBC faces a valuation correction as the market realizes that current multiples are unsustainable in a softening interest rate environment. The key catalyst for a decline will be the 2026Q3 earnings report, where I expect to see margin compression as the Bank of Canada’s rate cuts finally hit net interest income. Conversely, a surprise spike in Canadian household credit demand would break my bearish thesis. We are currently looking at a P/E of 15.67, which means investors are paying a premium for earnings that are likely to peak in the current cycle. This valuation is simply too rich for a bank entering a period of margin contraction.
C Chatgpt 3M Target $121.00 6M Target $126.00 Reasoning I think RBC offers durable earnings power with modest upside if the rate path stays constructive. The catalyst is the Bank of Canada’s upcoming rate decision signaling rates staying higher-for-longer, which would keep NIM healthy and could lift the stock's multiple. The risk is a sharper macro downturn or a housing-led credit shock that would squeeze margins and ROE, potentially triggering multiple compression. EPS TTM is $14.94. That earnings base supports a steady dividend and gives the stock room to rise if rate visibility remains supportive.

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